Energy

Indian conglomerate Reliance Industries Limited has entered into a strategic partnership with Samsung C&T Corporation to develop green ammonia production facilities, signaling a decisive move into sustainable energy solutions. The collaboration focuses on leveraging renewable energy to produce carbon-neutral ammonia, a critical component for fertilizers and industrial applications. Analysts suggest the deal could involve investments of several thousand crores of rupees, positioning India as a key player in the global green hydrogen and ammonia markets.

India’s diversified conglomerate Godrej Enterprises Group has outlined ambitious plans for its energy division, projecting nearly 20 percent growth by FY27 as demand for sustainable and efficient energy solutions accelerates. The company aims to expand its presence across power infrastructure, renewable technologies and energy-efficient systems. With India’s energy sector undergoing rapid transformation, investments in modernization and green technologies are expected to generate opportunities worth billions of rupees.

India’s liquefied petroleum gas (LPG) refill bookings have declined to around 77 lakh from an earlier 88.8 lakh, signaling a gradual easing of precautionary buying among consumers. Authorities have reiterated that the country faces no shortage of petrol, diesel, or cooking gas, even as geopolitical tensions in West Asia continue to influence global energy markets. Domestic refineries are operating at high capacity and maintaining sufficient crude oil reserves to ensure uninterrupted supply. 

Indian equity markets experienced a sharp correction last week, resulting in a massive erosion of Rs 4.48 lakh crore in the combined market valuation of the country’s ten most valuable companies. The decline followed a steep fall in benchmark stock indices, as investors reacted to rising global crude oil prices and escalating geopolitical tensions in West Asia. Banking giants State Bank of India and HDFC Bank were among the hardest hit, recording significant losses in market capitalization.